Landscape Capital Management L.L.C. Grows Position in PENN Entertainment, Inc. (NASDAQ:PENN)

Landscape Capital Management L.L.C. boosted its position in PENN Entertainment, Inc. (NASDAQ:PENN - Free Report) by 65.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 56,763 shares of the company's stock after purchasing an additional 22,548 shares during the period. Landscape Capital Management L.L.C.'s holdings in PENN Entertainment were worth $1,125,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the business. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of PENN Entertainment by 22.2% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 25,615 shares of the company's stock worth $483,000 after acquiring an additional 4,648 shares during the period. HighTower Advisors LLC lifted its position in shares of PENN Entertainment by 7.2% in the 3rd quarter. HighTower Advisors LLC now owns 23,292 shares of the company's stock worth $436,000 after purchasing an additional 1,573 shares during the period. Janus Henderson Group PLC boosted its stake in shares of PENN Entertainment by 244.7% in the 3rd quarter. Janus Henderson Group PLC now owns 249,106 shares of the company's stock valued at $4,697,000 after purchasing an additional 176,844 shares during the last quarter. Point72 DIFC Ltd bought a new stake in shares of PENN Entertainment in the 3rd quarter valued at $124,000. Finally, Quantinno Capital Management LP raised its stake in PENN Entertainment by 40.2% during the third quarter. Quantinno Capital Management LP now owns 64,688 shares of the company's stock worth $1,220,000 after buying an additional 18,535 shares during the last quarter. Institutional investors own 91.69% of the company's stock.

Remove Ads

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Stifel Nicolaus dropped their target price on shares of PENN Entertainment from $22.00 to $19.00 and set a "hold" rating on the stock in a research report on Tuesday, March 18th. StockNews.com raised shares of PENN Entertainment from a "sell" rating to a "hold" rating in a research report on Monday, March 3rd. Benchmark restated a "hold" rating on shares of PENN Entertainment in a research note on Monday, March 3rd. JMP Securities reaffirmed a "market perform" rating on shares of PENN Entertainment in a research note on Thursday, January 16th. Finally, JPMorgan Chase & Co. raised PENN Entertainment from a "neutral" rating to an "overweight" rating and raised their price objective for the company from $19.00 to $27.00 in a research note on Friday, December 13th. Ten investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $23.56.

PENN Entertainment Stock Performance

PENN traded down $0.36 during midday trading on Friday, reaching $14.33. The company had a trading volume of 4,032,195 shares, compared to its average volume of 4,544,184. PENN Entertainment, Inc. has a 12-month low of $13.25 and a 12-month high of $23.08. The business has a 50-day moving average price of $18.44 and a two-hundred day moving average price of $19.26. The stock has a market cap of $2.19 billion, a PE ratio of -4.04, a P/E/G ratio of 1.55 and a beta of 1.96. The company has a debt-to-equity ratio of 2.34, a quick ratio of 0.94 and a current ratio of 0.94.

PENN Entertainment Profile

PENN Entertainment, Inc, together with its subsidiaries, provides integrated entertainment, sports content, and casino gaming experiences. The company operates through five segments: Northeast, South, West, Midwest, and Interactive. It operates online sports betting in various jurisdictions; and iCasino under Hollywood Casino, L'Auberge, ESPN BET, and theScore Bet Sportsbook and Casino brands.